English

Tuesday, 22 October 2019

EBRD issues 150-mln-€ ‘green bond’ to Greece-based Terna Energy

The European Bank for Reconstruction and Development (EBRD) on Tuesday announced a 150-million-euro “green bond” issuance to Greece-based Terna Energy as well as 18 million euros for further investments in…

Greek state’s primary budget surplus concludes at 4.3% in 2018

Greece’s primary budget surplus for 2018 was finalized at 4.3 percent of GDP, according to figures released on Monday by the country statistics authority, EL.STAT, easily exceeding the 3.5-percent target…

Monday, 21 October 2019

World’s newest cruise ship, Sky Princess, in Piraeus this week

The world’s newest cruise ship, the “Sky Princess”, arrived at the port of Piraeus on Monday, with representatives of the Piraeus Port Authority presenting the vessel’s master, Capt. Heikki Laakkonen,…

Migrant crisis continues: Nearly 2K third country nationals land on northern Greek isles in a week

A total of 1,908 third country nationals illegally landed on Greece’s north Aegean islands over the past week up until the early morning hours of Monday, Oct. 21, according to…

Minister abruptly announced hike in one-third of supplementary pensions, in wake of high court ruling

The relevant labor and social insurance minister on Monday abruptly, and during a morning current affairs radio program, announced that up to 465,000 beneficiaries in Greece receiving supplementary pensions would…

‘Joker’ sparks social media, political mini-furor in Greece after 2 ministry officials try to prevent teens from watching movie

The latest political furor in Greece erupted “out of the blue” on a balmy Sunday afternoon and was related to the Hollywood blockbuster “Joker”, after police were called to at…

Friday, 18 October 2019

Mitsotakis from EU Summit: US withdrawal from Syria a mistake; major focus on dealing with migration/refugee crisis

Greek Prime Minister Kyriakos Mitsotakis, speaking to reporters immediately after attending his first EU Summit, referred to a unanimous condemnation by European leaders of Turkey’s invasion of northern Syria. Moreover,…

Thursday, 17 October 2019

Greek govt tables draft law on asylum accelerating procedures; stricter rules

The government on Thursday submitted a draft bill to Parliament that changes the asylum law in the country, towards faster and stricter conditions. The draft law is now up for…

Mitsotakis at his first EU summit: After 10 years of crisis, Greece turning new page

New Greek Prime Minister Kyriakos Mitsotakis attended his first EU summit on Thursday, stressing during his entry into a Brussels conference center that “after 10 years of crisis, Greece is…

CNN rates Top 17 Greek villages; Arcadia’s Stemnitsa in first place

In a break from the ubiquitous “Top …something” lists of best Greek islands and beaches, which crop up periodically in international media, CNN this week breaks with the trend and…

11 people storm Turkish consulate’s courtyard in Thessaloniki to open banner in favor of Kurds

A group of self-styled anti-state activists broke into the courtyard of Turkish consulate in the northern Greek city of Thessaloniki on Thursday morning, opening a banner and then shouting slogans…

Weak quake, 4R, southwest of Ionian isle of Zakynthos

A weak earthquake measuring 4 on the Richter scale was recorded at 10.59 (08.59 GMT), southwest of the Ionian island of Zakynthos, according to the Athens-based Geodynamics Institute. The tremor…

Wednesday, 16 October 2019

Air China to retain 3-flight-a-week schedule connecting Athens with Beijing

Air China on Wednesday announced that it will continue its three-flights-a-week schedule connecting Athens with Beijing over the coming winter season. Without going into details, the airline’s officials referred to…

IMF revises forecasts for Greek state: 3.3% primary budget surplus in 2019; 2.6% in 2020

The IMF foresees the Greek state posting a 3.3-percent primary budget surplus this year, dropping to 2.6 percent in 2020, in revising its previous estimates downward. A previous IMF report…

Greece, China sign updated econ cooperation framework for 2020-22

Greece and China signed an updated economic cooperation framework for the 2020-2022 period this week, with relevant Development and Investments Minister signing the agreement on behalf of Athens while on…

Greek public order minister posts video of violence on Samos; promises ‘get tough’ policy

Greece’s public order minister on Wednesday promised a stricter reaction against third country nationals temporarily hosted on a handful of Greek isles after landing from the opposition Turkish coast, part…

Draft budget foresees 5% reduction on corporate tax pre-payment

A reduction, by 5 percent, in the pre-payment of corporate taxes – for current fiscal year – is foreseen in the draft 2020 budget, which has been delivered to and…

Reports: Greek govt eyes 139-mln€ ‘bonus’ towards businesses in 2020

The Mitsotakis government has reportedly overcome fiscal obstacles and aims to allocate 139 million euros in the form of a one-off economic stimulus to eligible businesses in the country, a…

Tuesday, 15 October 2019

IMF lowers econ growth forecasts for Greece; 2% in 2019, 2.2% in 2020

The IMF on Tuesday revealed that it was revising, downward, its forecasts for Greek economic growth in 2019 and 2020, as part of projections included in its World Economic Outlook report. …

BoG Gov. Stournaras: SYRIZA govt in 2015 broached Putin over printing drachmas in Russia

High-profile Greek central banker Yannis Stournaras lobbed a political “bombshell” on Monday evening, saying the then leftist SYRIZA government had broached Russian President Vladimir Putin in 2015 over the prospect…

Feasibility studies this month for 10 regional ports; US interest in privatization of Alexandroupolis facility

Feasibility studies for 10 regional port authorities around the country, ordered by the new Mitsotakis government after assuming power in early July, will reportedly be ready by the end of…

Clashes between Afghan, Syrian asylum seekers erupt on Samos; local authorities demand migrants’ evacuation

Municipal authorities on the eastern Aegean island of Samos on Tuesday morning called for the immediate evacuation of thousands of third country nationals that remain on the island after landing…

Monday, 14 October 2019

RWE CEO’s high-level contacts in Athens spark speculation over PPC interest

A very high-profile meeting on Monday in Athens between Greek Prime Minister Kyriakos Mitsotakis and the CEO of Germany energy multinational RWE, Rolf Martin Schmitz, generated media speculation in the…

Greek PM to inaugurate country’s biggest wind farm complex on Tues.; 300-mln€, 154.1 MW project by Enel

Greek Prime Minister Kyriakos Mitsotakis on Tuesday will inaugurate the country’s largest wind park on Tuesday, near Cape Kafireas, the southeastern corner of large Evia island, viewed as one of…

Lamda Development business plan for Helleniko foresees 58% of revenues from residence sales

By T. Igoumenidi tigoum@naftemporiki.gr Lamda Development’s business plan for the colossal Helleniko property development, an emblematic privatization in Greece, reaches almost eight billion euros, of which two billion are budgeted…

Weak quake in Gulf of Corinth on Monday

A weak earthquake measuring 3.9 on the Richter scale was reported at 12:24 (10.24 GMT) on Monday southeast of the Gulf of Corinth seaside town of Galaxidi, in south south-central…

Draft law allowing expats’ votes from abroad next month; passage requires 2/3 Parliament approval

By G. Kampourakis gkamp@naftemporiki.gr A closely watched vote in Parliament over an expected draft bill granting Greek citizens living abroad the right from their place of residence is expected in…

Migration crisis continues unabated in eastern Aegean; more third country nationals picked up by coast guard

The Greek coast guard picked up 121 irregular migrants in two separate rescue operations in the eastern Aegean over the last 24 hours, with the total number of people located…

Friday, 11 October 2019

Fitch: Commission OK to ‘Hercules’ plan to reduce Greek banks’ NPLs a credit positive event

Fitch on Friday said the EU Commission’s “green light” this week to a plan, “Hercules”, for reducing NPLs burdening systemic Greek banks’ balance sheets was a credit positive event. The…

Draft bill envisions e-voting for approving strikes; arbitration in employer-union talks

By S. Papapetros spapa@naftemporiki.gr Draft legislation tabled in Parliament on Thursday foresees the prospect of electronic votes for decisions by union members on whether to approve of an industrial action,…